Wow, "centsles" is sure betting the ranch on the smooth edge Wash $1 . . . . . .

Connecticoin · March 17, 2007 5:45AM

In fact, it looks like he is trying to corner the market!!

Looks like an average buy price of about $100 each. Each of the 6 pages of his recent buys is full of them -- I would estimate he has about 500 now, and still buying.

Verrrrry interesting . . . . .

Kip · March 17, 2007 5:49AM

Maybe the name should be "senseless"?

options26 · March 17, 2007 5:54AM

He's dollar cost averaging down, then it's simple supply and demand. The more he takes off the market, the less available to those who want them, then prices eventually rise. You will see he will slowly start selling them in about 6 months.

OneCent · March 17, 2007 5:55AM

Even though I personally have been burned by Centles NNC "TPG" grading, the guy is a shrewd businessman.

123cents · March 17, 2007 5:55AM

Do you think any of those smooth rims will end up in a NNC holder?

DennisH · March 17, 2007 5:56AM

He has a hunch and he's betting with both hands. I suspect he has more insight than I do, so I commend him for his confidence.

I own one, so I hope whatever he thinks will happen is right.

RedTiger · March 17, 2007 6:12AM

Another possibility is that there is a ready buyer such as TV coin show, at a higher price. In that scenario, little to no risk for the middleman.

icsoccer · March 17, 2007 6:43AM

No wonder he is "centless", he spent all his dollars! Wow , what a bankroll!

sinin1 · March 17, 2007 6:56AM

maybe he is filling orders for those shop-at-home guys

Rampage · March 17, 2007 6:59AM

I am still hoping they will hit the $50.00 mark again so I can buy a few more.

notwilight · March 17, 2007 7:02AM

<< Maybe the name should be "senseless"? >>

or maybe he's the smart one. Ethics and market sense are two different attributes. Perhaps he knows more that we do...or perhaps he will be shown to be senseless. I personally have no idea.

08HALA20 · March 17, 2007 7:12AM

He is probably screening them for 65+ grades.

Selling the rest at little loss?

rookie Joe

Text

EagleEye · March 17, 2007 8:32AM

I think he'll do very well. I did well buying Wisconsin Extra Leafs for $50 each in the beginning. In hindsight I wish I had cornered the ebay purchase market. If he's buying them all at $100, that's what they are worth at a minimum. Try and out bid him, I say.

renman95 · March 17, 2007 9:01AM

<< I think he'll do very well. I did well buying Wisconsin Extra Leafs for $50 each in the beginning. In hindsight I wish I had cornered the ebay purchase market. If he's buying them all at $100, that's what they are worth at a minimum. Try and out bid him, I say. >>

EagleEye,

You did much better buying coins where there were just a few thousand at $50ea. I know that at that time, early 2005, noone knew how many there were. But this guy is buying at $100+ per coin and we know that there may be hundred(s) of the thousand(s).

I'm waiting for $50.

Ren

EagleEye · March 17, 2007 9:05AM

Yea, I guess it depends on how deep his pockets are. But still, I was buying Wisconsin's at $50 anticipating them to be very common.

robertpr · March 17, 2007 9:07AM

<< He has a hunch and he's betting with both hands. I suspect he has more insight than I do, so I commend him for his confidence.

I own one, so I hope whatever he thinks will happen is right. >>

You hope he's right about NNC overgrading them, failing to catch the fakes he is probably buying, and that he can sell them to newbs that don't have a clue about the coin market but are buying them because they saw an AP story that drew their interest?

Shortgapbob · March 17, 2007 9:12AM

I'm wondering if they will end up in NNC MS-68, MS-69, and MS-70 holders.

08HALA20 · March 17, 2007 9:17AM

Isn't Fla the only place they have been found?

If so, He may be right. The mintage is much lower than expected.
50,000 or so?

I bought 5 and will get back next week from NGC.

Rookie Joe

airedale · March 17, 2007 9:17AM

<< He has a hunch and he's betting with both hands. I suspect he has more insight than I do, so I commend him for his confidence.

>>

Ditto! I believe he is in Florida which seem to be the main source ( correct me if I am wrong ) of the smooth edge. Being a major player maybe he knows something.

WACoinGuy · March 17, 2007 9:27AM

I saw on the news that some were found in Los Angeles -- someone found 70 of them in a bag of 1,000 in downtown LA. I happen to be in town on vacation right now so I'm trying to grab some. No luck so far: (a) it's been hard finding banks that have any and (b) the few rolls I've been able to get from banks haven't had plain edges.

On the plus side though, I've been having fun spending these dollars around town.

holeinone1972 · March 17, 2007 10:39PM

He has gads of them graded at NGc and selling them on the bay now. Including some ms67 no letter edges at $2500.

Ms 65 @ $300 he is gonna make a killing.

ms 67 buy it now.

robertpr · March 17, 2007 11:18PM

<< He has gads of them graded at NGc and selling them on the bay now. Including some ms67 no letter edges at $2500.

Ms 65 @ $300 he is gonna make a killing.

ms 67 buy it now. >>

Even from that picture I can see that it looks like ol' George was in a knife fight and lost. MS67? No wonder noone respects NGC's modern grading!

WinPitcher · March 17, 2007 11:37PM

Good I hope he sells it that way he can finally pay me the 2,140.00 he owes me.

Steve

rgl1345 · March 17, 2007 11:43PM

<< He has gads of them graded at NGc and selling them on the bay now. Including some ms67 no letter edges at $2500.

Ms 65 @ $300 he is gonna make a killing.

Which are really probably only MS65's by real standards. The prostitutes of TV and grading are busy.

mrearlygold · March 18, 2007 1:43AM

DennisH · March 18, 2007 1:58AM

"You hope he's right about NNC overgrading them, failing to catch the fakes he is probably buying, and that he can sell them to newbs that don't have a clue about the coin market but are buying them because they saw an AP story that drew their interest?"

Robert:

No, no and no.

What I hope he's right about is that they turn out to be much rarer than what some of the big mintage estimates suggest, that market demand for them keeps growing, and prices keep going up.

My one coin is going to PCGS in my next batch; what he does with his is his business.

mrearlygold · March 18, 2007 2:04AM

Now where oh where are that great humanitarian, that lawyer among lawyers, that great great Floridian, defender of the coin collector,
C-H-U-C-K L-I-P-C-O-N ! ?

seanq · March 23, 2007 6:48AM

Just got an email from centsles with a link to this page. I guess he was submitting them all to NGC:

centsles has NGC65, 66, and 67 Smoothies for sale here

Based on his average cost, and the costs of certification, he stands to makemore than a 100% profit on the 65s, and much more that that on the higher grades.

Sean Reynolds

MadMarty · March 23, 2007 6:58AM

<< Just got an email from centsles with a link to this page. I guess he was submitting them all to NGC:

centsles has NGC65, 66, and 67 Smoothies for sale here

Based on his average cost, and the costs of certification, he stands to makemore than a 100% profit on the 65s, and much more that that on the higher grades.

Sean Reynolds >>

Got the same E-Mail.

eyoung429 · March 23, 2007 7:00AM

CHA-FRIGGIN-CHING$$$$$$

Russ · March 23, 2007 7:02AM

I got the same SPAM.

Russ, NCNE

MadMarty · March 23, 2007 7:03AM

<< I got the same SPAM.

Russ, NCNE >>

If you bought a coin from him in the past it's not spam is it???

airedale · March 23, 2007 7:05AM

<< 

<< I got the same SPAM.

Russ, NCNE >>

If you bought a coin from him in the past it's not spam is it??? >>

You are correct.

ipmman · March 23, 2007 7:09AM

I know him well. Great guy. Decent guy. Honest guy. Knowldgeable guy. Doesn't mean he has to bid in a way I approve of to maintain my respect.

It's OK to be judgmental about circumstances, but to single out one eBay user as a target of ridicule? A user who hasn't done anything to you?

Gee, if he has the $ to do it in the first place, seems he has some smarts.

And to the dude who started this insulting thread, I am going to let him know about it. Who are you to judge?

And I suggest that you get a life. If I said anything more, they would delete the post.

Goldbully · March 23, 2007 7:11AM

<< I got the same SPAM.

Russ, NCNE >>

Me too!!!!

Russ · March 23, 2007 7:11AM

<< <>

If you bought a coin from him in the past it's not spam is it??? >>

BS. The purchase of a coin does not grant the seller the right to add the buyer to his SPAM list.

Russ, NCNE

Russ · March 23, 2007 7:13AM

<< I know him well. Great guy. Decent guy. Honest guy. Knowldgeable guy. >>

You got one out of four correct.

Russ, NCNE

seanq · March 23, 2007 7:13AM

<< 

<< <>

If you bought a coin from him in the past it's not spam is it??? >>

BS. The purchase of a coin does not grant the seller the right to add the buyer to his SPAM list.

Russ, NCNE >>

You're just mad because he outed you as one of his customers.

Sean Reynolds

Fletcher · March 23, 2007 7:15AM

<< 

<< If you bought a coin from him in the past it's not spam is it??? >>

BS. The purchase of a coin does not grant the seller the right to add the buyer to his SPAM list.

Russ, NCNE >>

I agree with you ... but congress thinks it does

ipmman · March 23, 2007 7:15AM

<< Maybe the name should be "senseless"? >>

KIP!

You insulted me in a thread once. Now you insult this guy. Awful brave for you to sit at you computer and do this. You must be some UFC champ or something to be so sure of yourself. Most folks won't put up with these personal attacks.

Russ · March 23, 2007 7:17AM

<< You're just mad because he outed you as one of his customers. >>

That doesn't make any sense. Think about it for a minute.

BTW, I don't like SPAM from anybody. I get SPAM from Don Rinkor, and I find it just as irritating as SPAM from Centsles. And, Don is a good guy - but I've never bought anything from him. He added me to his SPAM list after he bought from me.

Russ, NCNE

CarlWohlforth · March 23, 2007 7:17AM

<<And to the dude who started this insulting thread, I am going to let him know about it. Who are you to judge?>>

The guy who started the thread only said "very interesting."

I've happily done business with them. I think he spotted what seemed like a sure thing to him and is playing it out. That's the American way.

mrearlygold · March 23, 2007 7:47AM

<< 

<< 

<< If you bought a coin from him in the past it's not spam is it??? >>

BS. The purchase of a coin does not grant the seller the right to add the buyer to his SPAM list.

Russ, NCNE >>

I agree with you ... but congress thinks it does

>>

congress is a group of sell-outs

gamr0n · March 23, 2007 9:32AM

<< 

<< Maybe the name should be "senseless"? >>

KIP!

You insulted me in a thread once. Now you insult this guy. Awful brave for you to sit at you computer and do this. You must be some UFC champ or something to be so sure of yourself. Most folks won't put up with these personal attacks. >>

Oh wait, I thought this was the internet.

BlindedByEgo · March 23, 2007 10:29AM

<< I know him well. Great guy. Decent guy. Honest guy. Knowldgeable guy. Doesn't mean he has to bid in a way I approve of to maintain my respect.

It's OK to be judgmental about circumstances, but to single out one eBay user as a target of ridicule? A user who hasn't done anything to you?

Gee, if he has the $ to do it in the first place, seems he has some smarts.

And to the dude who started this insulting thread, I am going to let him know about it. Who are you to judge?

And I suggest that you get a life. If I said anything more, they would delete the post. >>

The NNC overgrader who should (and does) know better? Plueeeze!

Connecticoin · March 23, 2007 11:13AM

<< I know him well. Great guy. Decent guy. Honest guy. Knowldgeable guy. Doesn't mean he has to bid in a way I approve of to maintain my respect.

It's OK to be judgmental about circumstances, but to single out one eBay user as a target of ridicule? A user who hasn't done anything to you?

Gee, if he has the $ to do it in the first place, seems he has some smarts.

And to the dude who started this insulting thread, I am going to let him know about it. Who are you to judge?

And I suggest that you get a life. If I said anything more, they would delete the post. >>

Are you serious? If you are, you are one totally clueless person.

ttown · March 23, 2007 11:22AM

I must be a perfered customer, I just got this email from him. I've never had any trouble with this seller but like most dealer with wears to sell you have to use your head.

CENTSLES NOW HAS FOR SALE A LIMITED QUANTITY OF GEORGE WASHINGTON $ MINT ERRORS WITH THE LETTERING MISSING FROM THE EDGE GRADED MS67 MS66 & MS65!!

NGC MS65 ONLY $300 each
NGC MS66 ONLY $600 each
NGC MS67 ONLY $1800 each
These are all in the new NGC Slabs where the edge of the coin is clearly visible.

The storefront address is http://corporate.marketworks.com/awstore/centsles where you can check out the scans and grades of the available coins and you can purchase them there.

We are selling these 1st come 1st served to our ebay customers. There is no edge lettering and it is our opinion that this error has so much going for it that the sky is the limit as far as potential value. As of March 14th our sources told us that the total certified population in all grades by NGC was less than 1000 coins. In Gem grades this coin is rare and it seems that the mintage of this error may be lower than first thought.The date 2007 and motto IN GOD WE TRUST were not struck on the coin's collar on an estimated 30,000 to 50,000 coins out of a total mintage of 300 million plus for non errors. This is close to the estimated mintage of 1955 Double-Die Pennies that are now worth $25000 in MS65 Red. In stock and ready to ship . A large TV Promotion of these in much lower grades (ICG MS60) sold out at $399 each this week . They will be sold again this weekend for $499 in ICG MS60. As of last night NGC MS65's sold on Ebay for $350 to $495 each. NGC MS66's sold for up to $860 and there was only one MS67 and it sold for over $2000.

EagleEye · March 23, 2007 12:42PM

On the surface, this sounds like the WI extra leafs, with one exception, we never stretched the truth like these guys are doing. We were forthcoming with accurate information and it seems like these promoters of a different cloth. Lets see what happens.

Also, the sets we initially graded and sold were going for more on ebay the next day. I don't think that is the case here.

airedale · March 25, 2007 4:18AM

Let me say that I have no problem with Centsles and if I did not like a coin he sent an instant postal money order refund. Nice and clean to do business with and very reasonable shipping. I just received another notice, exactly the same as the first one offering the NGC certified GW Dollars.
My question would be, and maybe I should ask them, what is the difference between the $1800. & the $2500. NGC MS67 Dollar?

Barry · March 25, 2007 5:52AM

He guarantees the $2500 one will cross into an NNC holder

roadrunner · March 25, 2007 7:54AM

I received the same email and asked him to delete me from all future
senseless mailings. Since when does ebay become a mailing list?

roadrunner

Wow, "centsles" is sure betting the ranch on the smooth edge Wash $1 . . . . . .

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Wow, &quot;centsles&quot; is sure betting the ranch on the smooth edge Wash $1 . . . . . .

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Wow, "centsles" is sure betting the ranch on the smooth edge Wash $1 . . . . . .